Three ratios crucial for understanding Bitcoin Price | Second largest company in Japan introduces a crypto wallet debit cardBTC 📉 $7318 (-0.93%) / ETH 📉 $148 (-1.45%) / XRP 📈 $0.22 (+0.21%)
Three ratios crucial for understanding Bitcoin Price
According to crypto analyst PlanB, who popularized the Bitcoin stock-to-flow model, understanding the world’s largest cryptocurrency comes down to just three things—its Sharpe ratio, its correlation with other assets, and cointegration with the stock-to-flow model. More than 11.5 million Bitcoin hasn’t been moved in over a year
Despite Bitcoin’s incredible 85 percent price increase, more than 11.5 million Bitcoin hasn’t been moved in over a year. Crypto analyst Rhythm Trader believes the increase in hodlers is a bullish indicator for Bitcoin, as it shows most are drawn by Bitcoin’s long-term investment potential. Second largest company in Japan introduces a crypto wallet debit card
SoftBank, a Japanese telecom and internet company, released the SBC Wallet Card. This a card that incorporates multiple features, including its encryption system and a cryptocurrency wallet. Here is what could be driving the massive VeChain (VET) rally
Following Chinese President Xi Jinping’s decision to put the nation at the forefront of blockchain technology, VeChain (VET) experienced a massive rally. Since then, this cryptocurrency is up 176 percent. Grin developer: Litecoin closer to gaining privacy features with MimbleWimble
The Grin developer tasked with implementing privacy features in Litecoin, David Burkett, has created a thread for monthly updates on the LTC MimbleWimble integration and has announced progress on the plan to bring confidentiality features to the sixth-largest cryptocurrency by market capitalization. Ethereum’s North Korean nightmare: Vitalik Buterin pledges to help free Virgil Griffith
Ethereum’s co-founder Vitalik Buterin stepped forward to help free Virgil Griffith. The move comes after Griffith was arrested by the FBI for allegedly helping the North Korean regime to “use cryptocurrency and blockchain technology to evade sanctions.” China could soon open the doors to security token offerings (STOs)
A representative of the Bank of China affirmed that the country is preparing to allow security token offerings (STOs) within a strict regulatory framework. Analyst: Current Bitcoin trend similar to when BTC price crashed from $6k to $3k
According to a cryptocurrency market analyst, the current Bitcoin price trend looks similar to when BTC crashed by more than 50 percent in November 2018. Data shows Binance Coin’s bullish sentiment is on the rise, can it translate to price?
According to the LunarCRUSH research team, social activity and bullish sentiment around Binance Coin (BNB) have risen to six-month highs. Bitcoin holds critical support level; where will it go from here?
Bitcoin’s bulls have built some serious momentum in the time since the crypto’s capitulatory drop that sent it to lows of $6,500, as they have been able to push its price up towards $8,000, with a break above this level potentially opening the gates for further gains. Featured companies📈 Bybit - Bybit is a cryptocurrency derivatives trading platform established in March 2018. It is headquartered in Singapore and has offices in Hong Kong and Taiwan. Learn more Want to be seen here? Contact us Crypto market dataFor more pertinent market data, please see: Connect with usTelegram • Twitter • Facebook • LinkedIn • YouTube • Instagram Disclaimer: None of the content in this newsletter is meant to be financial advice. Please do your own due diligence before taking any action related to content within this article.
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